Countries Information & Lifestyle
|Country Information & Lifestyle|
The Nature's Island
Uniquely Natural. Naturally Unique. A rich tapestry of lush rainforests, rivers and waterfalls, with volcanic wonders on land and under the sea.
The people of Dominica welcome you to share the beauty and tranquility of Natures Island. To discover the rich culture of the people. An enriching eco tourism experience. The physical challenge of extreme adventure. Or the serenity of a secluded spa retreat. When you discover Dominica, you discover yourself and a Caribbean experience like no other.
The island of Dominica sits midway along the Eastern Caribbean archipelago, just a few miles from Martinique to the south and Guadeloupe to the north. Its official name is the Commonwealth of Dominica to distinguish the island from its northerly Caribbean sister, the Dominican Republic.
|Purchasing a Property|
For foreigners, the Alien Land Holding License Regulation Act, No. 17 of 1995 of the Laws of the Commonwealth of Dominica, provides for the issuance of Alien Land Holding License.
An alien may hold less than one (1) acre of land for residential purposes or less than three (3) acres of land for commercial purposes without obtaining an alien land holding license. However, the alien land holding license fee of 10% of the value of the land is still payable.
An alien may not hold more than one (1) acre of land for residential purposes or three (3) acres of land for commercial purposes without first holding a license; On acquiring a license, the applicant must pay a fee equivalent to 10% of the market value of the land to government.
Citizens of the Organisation of East Caribbean States (OECS) do not need to acquire an alien land holding license. OECS-member states are Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts & Nevis, St. Lucia, and St. Vincent & the Grenadines.
Property buyers also need to present the following when applying for an alien land holding license:
Financial Record or Bank Statement
A letter from Real Estate Agent
Foreigners may also be asked to present other information and documents for transparency as a precaution against money laundering.
|Fees & Taxes|
Alien Landholding License:
Under the Aliens (Landholding Regulation) Act, No. 17 of 1995, all non-citizens of Dominica are required to obtain an Alien Landholding License to own more than one acre of residential land or three acres of commercial land. The license fee is 10% of the market value of the land. Aliens may own less than an acre of residential land or three acres of commercial land without a license but they still have to pay the 10% license fee.
Legal Fees: The use of lawyers for property sale and purchase is mandatory. Legal fees are regulated and set at 3% of property value plus 15% Value Added Tax (VAT).
Judicial Fee s around 2.5% of property value and it is paid to the Accountant Generals Office by the buyer.
Assurance Fund fee (1% of property value) for the Memorandum of Transfer is paid to the Accountant General΄s Office by the buyer.
Stamp Duty on conveyance of real property is 6.5% of property value: 4% is paid by the buyer and 2.5% is paid by the seller.
Real Estate Agent΄s Fee is typically 5% of purchase price.
Immigration officials require most visitors to the Commonwealth of Dominica to present a valid passport on arrival. All visitors need to show a return ticket. Canadian citizens can show documents certifying proof of citizenship that also bears a photograph, and French nationals can stay for up to two weeks by presenting a valid identification card.
Visitors arriving from countries that are members of the Commonwealth of Nations do not require a visa. However, nationals of Nigeria and other exempt nationalities will often require proof of visas into Dominica from Third Countries in order to disembark as in-transit passengers in these countries. Nationals of Haiti and the Dominican Republic require a visa to enter.
Visitors who will remain on Dominica for less than 24 hours (including cruise-ship passengers) do not require a visa to enter.
The following persons do not need a visa to enter into the Commonwealth of Dominica:
Persons from the following countries wishing to enter into the Commonwealth of Dominica for a period not exceeding six months:
Countries in the Commonwealth of Nations (Member States of the Commonwealth)
CARICOM member states
United States of America
Persons from the following countries wishing to enter into the Commonwealth of Dominica for a period not exceeding three months:
Netherlands (including Netherland Antilles)
Any in-transit passenger or bona fide tourist who is in possession of a return ticket and satisfies the Immigration Officer that he/she does not intend to remain in the State for a period exceeding twenty-one days. Passengers on tourist vessels.
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